MONADELPHOUS GROUP LIMITED — Capital/Financing Update 2021

Mar 17, 2021

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18 March 2021

Company Announcements Australian Securities Exchange Limited Level 4, 20 Bridge Street SYDNEY NSW 2000 AUSTRALIA

Dear Sir / Madam

RE: MONADELPHOUS SECURES LONG-TERM CRANE SERVICES CONTRACT WITH FORTESCUE METALS GROUP LTD

Please find attached a copy of an announcement to be issued today by Monadelphous Group Limited regarding the award of a new five-year crane services contract with Fortescue Metals Group Ltd, valued at approximately $150 million.

Authorised by

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Philip Trueman Company Secretary

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ASX RELEASE

18 March 2021

MONADELPHOUS SECURES LONG-TERM CRANE SERVICES CONTRACT WITH FORTESCUE METALS GROUP LTD

Engineering company Monadelphous Group Limited (ASX: MND) (“Monadelphous” or “the Company”) today announced it has secured a new five-year crane services contract with Fortescue Metals Group Ltd (“Fortescue”), valued at approximately $150 million in total.

The contract is for the provision of crane services supporting general repairs, maintenance and shutdown activities to Fortescue’s Solomon and Eliwana operations in the Pilbara region of Western Australia.

Monadelphous has provided crane services to Fortescue’s Solomon operations since 2017 and last year, expanded those services to Fortescue’s Eliwana operations.

“We are pleased to have secured this long-term contract with Fortescue and look forward to continuing to support their operations in the Pilbara with the ongoing provision of quality crane services,” Monadelphous Managing Director, Rob Velletri, said.

Further Information

Analysts/Investors Media Kristy Glasgow Ella McCarthy Investor Relations Group Manager - Marketing and Communications T +61 8 9316 6386 T +61 8 6311 1018 M +61 403 781 909 M +61 401 404 874 Investor_relations@monadel.com.au EMcCarthy@monadel.com.au

About Monadelphous

Monadelphous Group Limited (ASX: MND) is a leading Australian engineering group providing construction, maintenance and industrial services to the resources, energy and infrastructure sectors. The Company has two operating divisions − Engineering Construction, providing large-scale multidisciplinary project management and construction services, and Maintenance and Industrial Services, specialising in the planning, management and execution of mechanical and electrical maintenance services, shutdowns, fixed plant maintenance services and sustaining capital works.

Monadelphous is headquartered in Perth, Western Australia, with a major office in Brisbane, Queensland, and offices, projects, facilities and workshops across Australia and in New Zealand, China, Mongolia, Papua New Guinea, Chile and the Philippines. Please visit www.monadelphous.com.au for further information.